Him Teknoforge Limited , a prominent player in the forging industry, has announced a significant step towards technological advancement and global competitiveness. The company has executed a Technical Collaboration Agreement with two Chinese entities, JIUXIN Precision Tooling Corp. and YIYOU Machinery Co., Ltd., both incorporated in the Republic of China.

Scope of Collaboration

The agreement focuses on sharing technical know-how in the design, inspection, and troubleshooting of Bevel Gears. A key objective of this collaboration is to optimize die-making costs through technological support and knowledge-sharing. Under the terms of the agreement, YIYOU Machinery, acting as the authorized representative of JIUXIN Precision Tooling Corp., will assist Him Teknoforge in several areas:

1. Selecting suitable presses and equipment
2. Developing optimized forging solutions
3. Supplying cost-effective dies, tools, and tooling solutions

Knowledge Transfer and Training

The collaboration places a strong emphasis on knowledge transfer and skill development. Key aspects of the training provisions include:

• YIYOU Machinery will provide training to Him Teknoforge personnel
• Qualified technical experts from YIYOU will be deputed to Him Teknoforge for 4-6 months annually
• Him Teknoforge's nominated personnel will receive hands-on training at YIYOU's facilities in China for a minimum of three weeks

Expected Benefits

Him Teknoforge Limited anticipates several benefits from this strategic collaboration:

1. Advancement of bevel gear design and manufacturing capabilities
2. Access to advanced forging technologies
3. Improved product quality
4. Enhanced process efficiency

Financial Considerations

While the specific financial details of the agreement have not been disclosed, the company has indicated that there are deputation commitments for which Him Teknoforge will bear the costs. The collaboration is expected to lead to optimized die-making costs, potentially improving the company's operational efficiency and competitiveness in the long run.

Strategic Importance

This technical collaboration represents a significant move for Him Teknoforge Limited in its quest to enhance its technological capabilities and global competitiveness. By partnering with established Chinese firms in the precision tooling sector, the company is positioning itself to leverage international expertise and potentially expand its market presence.

As the forging industry continues to evolve with advancing technologies, such collaborations could prove crucial in maintaining a competitive edge and meeting the increasingly sophisticated demands of various sectors that rely on high-precision components.

Him Teknoforge Limited , an MSME-classified company, has announced plans to set up a new forging plant in Pithampur, Madhya Pradesh. The company's Board of Directors made this decision during a meeting held on September 20, 2025, revising their earlier plan to establish the plant through a subsidiary.

Project Details

The proposed project involves a capital expenditure of Rs. 51.75 crores and will focus on manufacturing forged automotive parts for both domestic and international markets, including Europe and the USA. The new plant is expected to be operational by the first or second quarter of 2026.

Capacity and Utilization

Him Teknoforge currently has an existing capacity of 9,300 MT with a utilization rate of 70-75%. The new plant will add a proposed capacity of 14,400 MT. However, 40% of this new capacity will replace existing capacity due to technology upgradation.

Capacity Overview

Financing

The company plans to finance this expansion through a mix of internal accruals, debt, and equity capital.

Strategic Rationale

The establishment of this new plant aligns with Him Teknoforge's strategy for:

• Capacity enhancement
• Technology upgradation
• Strengthening position in domestic and international markets

The focus will be on manufacturing different types of forged and machined automotive parts.

Revised Plans

This announcement marks a change from the company's earlier intimation on November 27, 2024, which had stated that the plant would be set up through its subsidiary, HimForge Rings LLP. The decision to establish the plant directly under Him Teknoforge Limited comes as the company now falls under the definition of an MSME.

The move demonstrates Him Teknoforge's commitment to expanding its production capabilities and enhancing its technological infrastructure in the automotive components sector.